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Bitcoin Essentials

You're reading from Bitcoin Essentials

Product type Book

Published in Feb 2016

Publisher

ISBN-13 9781785281976

Pages 130 pages

Edition 1st Edition

Languages

Concepts

Author (1):

Albert Szmigielski

Table of Contents (15) Chapters

Bitcoin Essentials

Credits

About the Author

About the Reviewer

www.PacktPub.com

Preface

1. Bitcoin Wallets and Mining Software

2. CPU Mining

3. GPU Mining

4. FPGA Mining

5. ASIC Mining

6. Solo Versus Pool Mining

7. Large Scale Mining

8. The Future of Bitcoin Mining

Index

Large Scale Mining operations

We can look at block explorers to see which entities are finding the most blocks. Those entities are either big mining pools or industrial Bitcoin mines. We took a look at https://blockchain.info/pools to see the hashrate distribution, which is depicted in the following figures:

Fig. 7.2: Hashrate distribution (4-day average). Image courtesy of blockchain.info (you can take a look at https://blockchain.info/pools or https://www.smartbit.com.au/ to see the latest distribution)

Fig. 7.3: Hashrate distribution. Image courtesy of https://www.smartbit.com.au/ (you can take a look at https://blockchain.info/pools or https://www.smartbit.com.au/ to see the latest distribution)

We can see that the two biggest holders of hashrates are F2Pool and AntPool; those are the mining pools. So are BTCChina Pool, Slush, BW.COM, Eligius, BitMinter, and GHash.IO.

On the other hand, BitFury, KnC Miner, 21Inc., and Telco 214 are industrial miners ranging from very large to small. Let...

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Authors (1)

Albert Szmigielski

Albert Szmigielski is a thinker, a computing scientist, a software engineer, and a blockchain professional. He holds a BSc in Computer Science and an MSc in Digital Currency. He has been involved in a number of start-ups and software projects. He believes in a decentralized, distributed nature of storing information, and hence has an interest in Bitcoin and blockchain technology. Albert is a researcher at CryptoIQ and a mentor at the Blockchain Institute. He frequently contributes to his blog at blog.cryptoIQ.ca.

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